Debevoise Reps Clayton Dubilier In $3.2B EMS Deal

Law360, New York (February 14, 2011, 1:56 PM EST) -- Private equity firm Clayton Dubilier & Rice LLC announced Monday it would pay $3.2 billion to take Emergency Medical Services Corp. private, news of which sent the medical services company's shares tumbling.

Stockholders would get $64 per share, Colorado-based EMS said, adding that the deal would also see the private equity firm pay some $300 million in debt and transaction costs.

New York-based Clayton Dubilier's offer also includes the value of EMS' LP Exchangeable Units, which can be converted to equity. The exchangeable units are held...
To view the full article, register now.